Here are some of the most common spending mistakes and some helpful tips to keep your home from becoming a money pit.

1. Splurge Before Selling

Budget buster: "We’ve finally decided to put our house on the market, but there’s some work to be done before the sign goes in the front yard. I’m thinking new appliances, new flooring, new furniture..."

Breathe easy: Time out. We understand you want to get your home ready to sell, but with an outrageous wish list, you won’t have any funds to buy your new home. So, start with the kitchen and bathrooms -- these are key selling points that buyers will be picking apart. And spruce up your curb appeal with a freshly painted front door and colorful plants to greet potential buyers. After all, this is the first and last part of your home that they will see.